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Article Check - Opening A Dollar Store - Focus on Lease Costs
It is of little surprise that recent interest rate rises have taken its toll on house prices across the UK. The number of new mortgage approvals in the UK fell to a 12-month low in April, Bank of England figures show. Mortgage approvals to
I was introduced to the concept of “Thank you notes” when I was about five years old. My teenage cousin just presented me with a coveted new birthday present – a soft, cuddly, gray and white teddy bear. I was overjoyed receiving this bun
The lease negotiations and thus your opportunity to save money happen prior to opening a dollar store. While the actual lease dollar amount is important to consider, there are other factors as well. They include any triple net (NNN) clauses and exactly what the added charges are for the NNN.
Three tips to consider when opening a dollar store:
Tip #1: Seek the advice of an accountant and attorney who specialize in discount retailing before signing any lease documents. These professionals can save you money.
Tip #2: Examine lease costs as a percentage of sales. Also calculate sales per square foot of space. As you add or delete space you can better measure and understand the impacts.
Tip #3: Examine lease costs for similar spaces and lease terms in the immediate area. This allows you to be aware of the current going rates for you area.
Don’t be afraid to ask for concessions during lease negotiations. It might be a lower lease payment. It might also be a reduced lease payment as you prepare the store to open and even during the initial months of business. It might even be specific improvements to the space before opening a dollar store. If you don’t ask for concessions that make sense for your situation you certainly will get none at all. Right-sizing lease payments will be im
Sifting through the CompetitionIn recent years, as the access to the Internet has increased significantly, the number of brick and mortar and e-commerce firms offering background checks has truly exploded. Fraud has existed f
Three tips to consider when opening a dollar store:
Tip #1: Seek the advice of an accountant and attorney who specialize in discount retailing before signing any lease documents. These professionals can save you money.
Tip #2: Examine lease costs as a percentage of sales. Also calculate sales per square foot of space. As you add or delete space you can better measure and understand the impacts.
Tip #3: Examine lease costs for similar spaces and lease terms in the immediate area. This allows you to be aware of the current going rates for you area.
Don’t be afraid to ask for concessions during lease negotiations. It might be a lower lease payment. It might also be a reduced lease payment as you prepare the store to open and even during the initial months of business. It might even be specific improvements to the space before opening a dollar store. If you don’t ask for concessions that make sense for your situation you certainly will get none at all. Right-sizing lease payments will be i
A recent movie starring Richard Dreyfus and Bill Murray tells the story of a man desperately trying to be included as a member of his psychiatrist's family. Whenever the doctor attempted to exclude him, his family would respond by asking,
Tip #2: Examine lease costs as a percentage of sales. Also calculate sales per square foot of space. As you add or delete space you can better measure and understand the impacts.
Tip #3: Examine lease costs for similar spaces and lease terms in the immediate area. This allows you to be aware of the current going rates for you area.
Don’t be afraid to ask for concessions during lease negotiations. It might be a lower lease payment. It might also be a reduced lease payment as you prepare the store to open and even during the initial months of business. It might even be specific improvements to the space before opening a dollar store. If you don’t ask for concessions that make sense for your situation you certainly will get none at all. Right-sizing lease payments will be i
As much as we’d like everyone to be our clone: same work ethic, owner mentality, intelligence level, capable of seeing the big picture and multi-tasking, that’s just not reality. Let’s face it – you and I are the only truly superior busine
Tip #3: Examine lease costs for similar spaces and lease terms in the immediate area. This allows you to be aware of the current going rates for you area.
Don’t be afraid to ask for concessions during lease negotiations. It might be a lower lease payment. It might also be a reduced lease payment as you prepare the store to open and even during the initial months of business. It might even be specific improvements to the space before opening a dollar store. If you don’t ask for concessions that make sense for your situation you certainly will get none at all. Right-sizing lease payments will be i
Satellite radio is just the latest technology to utilize the power of the satellite. People have been using satellite TV for decades, and there are satellite phone, so it was only a matter of time before people realize the benefits of appl
Lease payments will be one of your biggest ongoing expenses when opening a dollar store. Remember to right-size the lease for your circumstances. Remember that cost reduction should be a goal before any lease or lease change documents are signed.
To Your Dollar Store Success!
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